AB INTL GROUP Announces Sales of Its 3 Films' China Broadcast Rights
AB International Group Corp. (OTCQB: ABQQ) has signed an agreement to sell broadcast rights for three films, "Love Over The World," "Our Treasures," and "Confusion," in mainland China for $1.8 million. The company retains all other rights. Additionally, ABQQ plans to open its first theater in New York by April or May 2022. CEO Chiyuan Deng emphasizes a focus on revenue from video streaming and NFT markets, indicating an ongoing commitment to grow its presence in the global entertainment industry, particularly through its upcoming streaming platform ABQQ.tv.
- Sale of broadcast rights for three films in mainland China for $1.8 million, enhancing cash flow.
- Upcoming launch of ABQQ.tv is expected to generate new revenue streams from subscriptions and advertisements.
- None.
NEW YORK, Jan. 24, 2022 (GLOBE NEWSWIRE) -- AB International Group Corp. (OTCQB: ABQQ), an intellectual property (IP) and movie investment and licensing firm announces entry into an agreement with the buyer in Hong Kong to sell its 3 films' “Love Over The World”, “Our Treasures” and “Confusion” broadcast rights of mainland China for a consideration of
The Company is preparing for opening its first New York State theater in May or the earliest in April 2022.
Chiyuan Deng, Chief Executive Officer of AB International Group, stated, “We are focused on revenue generated from video streaming website and NFT and theaters, all outside of mainland China. The Company engages to acquisition of films and theaters.”
About AB International Group Corp.
AB International Group Corp. is an intellectual property (IP) and movie investment and licensing firm, focused on acquisitions and development of various intellectual property. We are engaged to acquisition and distribution of movies. The Company engages highly anticipated video streaming service targeting global multi-billion dollar and growing video streaming industry. The online service will be marketed and distributed in the world under the brand name ABQQ.tv. ABQQ.tv is expected to generate a new and profitable revenue stream immediately following its launch derived from its hybrid subscription and advertising business model. The company is investing in NFT movie and music marketplace as the unique entertainment industry Non-Fungible Token. www.stareastnet.io
For additional information visit www.abqqs.com and www.ABQQ.tv and NFT MMM www.stareastnet.io
Forward-Looking Statements
This press release contains "forward-looking statements" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements relating to changes to the Company's management team and statements relating to the Company's transformation, financial and operational performance including the acceleration of revenue and margins, and the Company's overall strategy. Because forward-looking statements inherently involve risks and uncertainties, actual future results may differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the possibility of business disruption, competitive uncertainties, and general economic and business conditions in AB International Groups markets as well as the other risks detailed in company filings with the Securities and Exchange Commission. AB International Group undertakes no obligation to update any statements in this press release for changes that happen after the date of this release.
Investor Relations Contact:
Jeff Deng
(212) 918-4519
corp@abqqs.com
FAQ
What films did ABQQ sell the broadcast rights for?
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